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January 9, 2024Turn Your Solar Investment into a Revenue Stream
At Solar Panel Devon, we’re not just passionate about harnessing the power of the sun for a sustainable future; we’re also excited about the financial benefits our clients can reap from their solar installations. A shining example of this is the Smart Export Guarantee (SEG).
What is the Smart Export Guarantee?
The SEG is a fantastic opportunity for those with solar PV panels or other eligible renewable electricity generation systems at their homes or businesses. It allows you to feed any unused electricity back into the grid and get paid for every unit you export.
Eligibility and Requirements
To benefit from the SEG, ensure that your renewable electricity generating system meets the SEG eligibility requirements. You’ll need a meter capable of providing half-hourly export readings, typically a smart meter, and your installation and installer must be certified through the Microgeneration Certification Scheme (MCS) or equivalent. Remember, if you’re already receiving export payments under the Feed-in Tariff scheme, you cannot receive a SEG tariff.
How to Apply
Applying for the SEG is straightforward. You need to apply directly to a SEG tariff supplier. These suppliers offer different tariffs, which can be fixed or variable, and it’s important to regularly check to ensure you’re on a competitive tariff.
Maximising Your Benefits
If you have a storage device like a household battery or an electric vehicle capable of importing and exporting electricity, it could also be used to benefit from the SEG. This integration can further optimise your energy usage and savings.
Savings and Earnings
While you won’t be paid for the electricity you use yourself, using your own solar-generated electricity means you’ll save money by importing less from the grid. To estimate your potential savings and earnings from selling unused energy back, the Energy Saving Trust calculator can be a handy tool.
Embrace the Future with Solar Panel Devon
At Solar Panel Devon, we’re committed to guiding our clients towards a more sustainable and financially rewarding future. By adopting solar technology and making the most of initiatives like the SEG, you’re not just reducing your carbon footprint; you’re stepping into a brighter, greener future.
You can find out more on the Government website here >